INIS · Radnostix, Inc.

Summary

Radnostix, Inc. mutually terminated on March 11, 2026 an Asset Purchase Agreement dated February 8, 2024 to sell its DUF6 Plant to American Fuel Resources, LLC, regaining assets believed to have appreciated while forgoing $12,450,000 proceeds after receiving $170,000 non-refundable payments. The Company also initiated a voluntary recall of specific Dibasic Sodium Phosphate Capsules lots, expecting approximately $200,000 in charges and $25,000-$75,000 weekly lost revenue through Q2 2026.

Key takeaways

• Mutual termination of APA on March 11, 2026 with AFR for DUF6 Plant assets
• AFR paid non-refundable $50,000 Prepayment and $120,000 NRC Extension Fees
• Foregone $12,450,000 payment at closing due to AFR funding inability
• Voluntary recall of Dibasic Sodium Phosphate Capsules shipped August 19, 2024 to February 17, 2026
• Expected charges: $75,000 Q4 2025 inventory write-off, $50,000 Q1 2026 refunds, $75,000 new inventory
• Estimated $25,000-$75,000 weekly lost revenue in 2026, impact ends by Q2 2026